Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Este Artículo También Está Disponible and Español.
Bitcoin price is the consolidation of profits above $ 94,000 zone. BTC shows positive signs and can strive for a movement above the $ 95,500 resistance zone.
- Bitcoin remained supported above $ 93,500 zone.
- The price is traded above $ 94,000 and the simple simple advancing average of 100 hours.
- There is a connecting bullish trend line that forms with support at $ 94,200 on the hour table of the BTC/USD pair (data feed from Kraken).
- The couple can start a new increase if it knew the $ 95,500 zone.
Bitcoin Price Eyes Key Forward Pause
Bitcoin price remained stable above the level of $ 93,500 and started a new increase. BTC was able to climb above the resistance levels of $ 94,000 and $ 94,200.
The bulls could pump the price above the $ 95,200 resistance. The recent high was formed at $ 95,488 and the price started a downward correction. There was a decrease among the levels of $ 94,500 and $ 94,200. The price fell below the 50% FIB retracement level of the upward movement of the $ 92,900 Swing low to $ 95,488 high.
However, the bulls were active in the vicinity of the support of $ 93,500 and the 76.4% FIB retracement level of the upward movement of the $ 92,900 swing low to $ 95,488 high.
Bitcoin price is now traded above $ 94,200 and the 100 simple advancing average per hour. There is also a connecting bullish trend line that forms with support for $ 94,200 on the hour table of the BTC/USD pair.
At the top is immediate resistance near the level of $ 95,250. The first key resistance is near the level of $ 95,500. The next key resistance can be $ 96,250. A close -up resistance of $ 96,250 can further send the price. In the declared case, the price could rise and the resistance level of $ 97,500 tests. More profits can send the price to the level of $ 98,800.
Another decline in BTC?
If Bitcoin does not rise above the $ 95,500 resistance zone, this can start a new downward correction. Immediate support on the disadvantage is near the level of $ 94,200 and the trend line. The first major support is near the level of $ 93,500.
The next support is now near the $ 92,900 zone. More losses can send the price to the support of $ 92,500 in the short term. The most important support is at $ 91,200.
Technical indicators:
MACD per hour – The MACD now wins pace in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for BTC/USD is now above 50 -level.
Important support levels – $ 94,200, followed by $ 93,500.
Important resistance levels – $ 95,250 and $ 95,500.